NPK International (NYSE:NPKI) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

NPK International (NYSE:NPKI) announced its quarterly earnings results on Wednesday. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02, Zacks reports. The business had revenue of $75.19 million during the quarter, compared to analysts’ expectations of $69.02 million. NPK International had a return on equity of 9.93% and a net margin of 12.74%.

NPK International Stock Performance

NPKI opened at $15.25 on Thursday. The firm has a market cap of $1.29 billion, a P/E ratio of 40.13 and a beta of 1.29. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.20. NPK International has a 52-week low of $4.76 and a 52-week high of $15.05. The business’s fifty day moving average is $13.42 and its 200-day moving average is $12.19.

Insider Transactions at NPK International

In other NPK International news, Director Michael A. Lewis sold 2,013 shares of NPK International stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $14.31, for a total value of $28,806.03. Following the completion of the sale, the director owned 131,333 shares in the company, valued at $1,879,375.23. The trade was a 1.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On NPK International

Several hedge funds have recently modified their holdings of the stock. Landscape Capital Management L.L.C. purchased a new position in shares of NPK International in the 4th quarter valued at $131,000. Osaic Holdings Inc. acquired a new stake in NPK International during the second quarter valued at approximately $78,000. Tower Research Capital LLC TRC acquired a new position in NPK International in the second quarter worth $98,000. BNP Paribas Financial Markets acquired a new stake in NPK International during the second quarter worth about $66,000. Finally, NewEdge Advisors LLC bought a new stake in shares of NPK International in the 2nd quarter worth approximately $95,000. 80.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NPKI. HC Wainwright upped their price objective on shares of NPK International from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Wall Street Zen cut NPK International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NPK International in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $14.17.

About NPK International

NPK International, Inc (NYSE: NPKI) is a specialty chemical distributor supplying a broad range of industrial and performance materials across diverse end-markets. Its product portfolio includes acetic acid and derivatives, alcohols, ketones, esters, glycol ethers, glycols, specialty solvents, select inorganic chemicals and crop-protection intermediates. These materials serve industries such as coatings, adhesives and sealants, oil and gas, personal care, pharmaceuticals, agrochemicals and water treatment.

The company places a strong emphasis on supply-chain security and technical service, maintaining warehousing, logistics support and laboratory capabilities at its regional distribution centers.